Y.D. More Investments Ltd Purchases Shares of 3,457 Electronic Arts Inc. $EA

Y.D. More Investments Ltd purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EAFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,457 shares of the game software company’s stock, valued at approximately $697,000.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of Electronic Arts by 5.8% during the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock worth $2,726,552,000 after acquiring an additional 932,024 shares during the last quarter. Ameriprise Financial Inc. raised its position in Electronic Arts by 44.6% during the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after purchasing an additional 1,300,336 shares in the last quarter. Invesco Ltd. lifted its stake in Electronic Arts by 10.1% during the second quarter. Invesco Ltd. now owns 4,112,305 shares of the game software company’s stock worth $656,735,000 after purchasing an additional 378,824 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Electronic Arts by 17.0% in the 2nd quarter. First Trust Advisors LP now owns 2,430,876 shares of the game software company’s stock worth $388,211,000 after purchasing an additional 353,327 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Electronic Arts by 50.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock worth $377,726,000 after purchasing an additional 791,978 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Key Headlines Impacting Electronic Arts

Here are the key news stories impacting Electronic Arts this week:

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.50, for a total value of $997,500.00. Following the completion of the sale, the chief executive officer owned 33,858 shares of the company’s stock, valued at approximately $6,754,671. The trade was a 12.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.53, for a total value of $498,825.00. Following the completion of the sale, the insider directly owned 48,343 shares of the company’s stock, valued at $9,645,878.79. The trade was a 4.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 27,600 shares of company stock worth $5,589,823 over the last three months. 0.24% of the stock is currently owned by insiders.

Electronic Arts Stock Up 0.3%

Shares of Electronic Arts stock opened at $200.40 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $203.11 and its two-hundred day simple moving average is $193.88. The company has a market cap of $50.15 billion, a P/E ratio of 75.34, a PEG ratio of 2.41 and a beta of 0.74. Electronic Arts Inc. has a 12-month low of $128.02 and a 12-month high of $204.88.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EA. Argus set a $210.00 price objective on shares of Electronic Arts in a report on Thursday, October 30th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Citigroup reduced their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Finally, Benchmark reissued a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Electronic Arts presently has a consensus rating of “Hold” and an average target price of $186.95.

Get Our Latest Stock Analysis on Electronic Arts

About Electronic Arts

(Free Report)

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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